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Elumelu, who owns a 7.39-percent stake in UBA, is not only one of the wealthiest investors on the Nigerian Exchange but also one of Nigeria’s most affluent individuals.
Elumelu, who owns a 7.39-percent stake in UBA, equivalent to 2,527,372,285 ordinary shares, ranks as one of the wealthiest investors on the Nigerian Exchange.
Elumelu, through his investment firm HH Capital, holds a 29.5-percent stake in Transcorp, or 11,990,957,350 ordinary shares.
Ripple effect: UBA’s double-digit share surge impacts Nigerian businessman Tony Elumelu’s fortune.
Elumelu owns a 7.39-percent stake in UBA, equivalent to 2,527,372,285 ordinary shares in the leading lender.
Heirs Energies is a subsidiary of Heirs Holdings, an investment company that manages Elumelu’s and his family’s wealth.
Elumelu owns a 7.39-percent stake in UBA, equivalent to 2,527,372,285 ordinary shares in the leading lender.
Elumelu, with his 7.17-percent stake in UBA, equivalent to 2,450,603,739 ordinary shares, ranks as one of the wealthiest individuals in the country.
United Bank for Africa Plc, the pan-African financial services group led by Nigerian tycoon Tony Elumelu, has unveiled a $6-billion initiative.
The interim dividend payout will be deposited into Elumelu’s bank account on Fri., Oct. 6.
UBA, under the astute guidance of Elumelu, recorded a 437.8-percent surge in its profits in the first half of 2023.
Despite this substantial loss, Elumelu retains his status as one of the wealthiest investors in the local bourse.
Elumelu joins a prestigious group of 38 private sector leaders accompanying Nigerian President Bola Ahmed Tinubu to the Nigeria-India presidential roundtable.
Elumelu, with a 7.17-percent stake in UBA, or 2,450,603,739 ordinary shares, ranks as one of the richest investors on the Nigerian Exchange.
Elumelu’s influence extends far beyond his business endeavors, making him a beacon of inspiration for future generations.
Through his investment firm, HH Capital, Elumelu owns a 29.5-percent stake in Transnational Corporation of Nigeria (Transcorp).